晚近国际投资协定中东道国规制权的新发展

Latest Developments of Rules on the Right to Regulate in Recent International Investment Agreements

国际投资协定一向只是规定对投资者权利的保护而忽略对东道国规制权的认可,严重制约着东道国管制空间。随着对公共利益关注的加强以及投资仲裁危机的加深,规制权成为晚近国际投资法和投资政策关注的焦点,典型代表如美国2012年BIT范本和TPP投资章节,欧盟的CETA和TTIP投资章节草案。上述协定中的若干实体和程序规则,对东道国规制权予以了较为鲜明的关照,中国在今后的相关条约的谈判中有必要加强这方面的条款设计。

Traditional international investment agreements focused their attention on the protection of investors' rights,which seriously constrained policy space of host states. With more attention on public interest and the deepening crisis in investment arbitration,the right to regulate has become the key element in latest developments of law and policies on international investments. Recent international investment agreements of the U.S. and the EU,such as the 2012 U.S. Model BIT,and the Investment Chapter of TPP,CETA and TTIP,have responded to the hot issues. By analyzing these significant substantive and procedural rules of American and European investment agreements on the regulatory regime of host states,this article will try to predict future trends of developments on the right to regulate in international investment agreements,and thus to provide valuable reference for China to negotiate BITs and to improve its Foreign Investment Law.